Guideline Value for Selva Vinagayar Street

Selva Vinagayar Street guideline value

The current guideline value of Selva Vinagayar Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Selva Vinagayar Street has changed

Over the years, the guideline value of Selva Vinagayar Street has experienced significant changes. The earliest recorded revision is from 2003, where the guideline value was Rs 120 per sq.ft. This increased to Rs 200 per sq.ft in 2007, marking a substantial rise of 67%. By 2012, the value remained at Rs 2,200 per sq.ft, and it stayed the same through the 2023 revision. The 2024 revision saw another increase to Rs 2,400 per sq.ft, which is a 9% rise from the previous year.

From 2003 to 2024, the overall increase in the guideline value is a remarkable 1900%. Notably, there are no figures available for the years 2002 and 2017 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which aligns with the current value of Selva Vinagayar Street.

• Selva Vinagayar nagar: Rs 2,400 per sq.ft (2024)
• Sengutuvan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• School Street(Padasalai st.) (Annanoor): Rs 1,600 per sq.ft (2024)
• School Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• School Cross Street(Padasalai st.) (Annanoor): Rs 1,600 per sq.ft (2024)
• S.B. Nagar 4th Street (Subramaniar Bharathiyar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinagayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, leading to a total cost of Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Vinagayar Street?

The Sub Registrar Office covering Selva Vinagayar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the registration fees and stamp duties are calculated accurately.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Selva Vinagayar Street?

The current guideline value of Selva Vinagayar Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 120 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1900% over this period.

What is the land classification of Selva Vinagayar Street?

Selva Vinagayar Street is classified as Residential Class I Type - I, which is important for understanding its usage and zoning regulations.

Where can I find the Sub Registrar Office for Selva Vinagayar Street?

The Sub Registrar Office for Selva Vinagayar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at a rate of 7%.